Needham & Company 'Very Positive' on Western Digital (WDC) Investment News
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Argus Upgrades Western Digital Corp. (WDC) to Buy
October 1, 2015 7:50 AM EDTArgus upgraded Western Digital Corp. (NASDAQ: WDC) from Hold to Buy with a price target of $90.00 after Chinas Unisplendour Corp. (Unis) has agreed to buy a 15% stake in WDC for $3.8 billion.
The firm said the cash infusion "will strengthen WDCs balance... More
Western Digital (WDC) Investment by Unis 'Raises Interesting Possibilities', Says Benchmark
September 30, 2015 11:43 AM EDTBenchmark maintained a Buy rating on Western Digital Corp. (NASDAQ: WDC) with a price target of $90. Earlier Wesern Digital announced Unis agreed to purchase newly issued Western Digital common stock at a price of $92.50 per share. In the view of analyst Mark Miller, the deal "raises... More
Western Digital (WDC) Receives $3.78B Equity Investment from Unisplendour Corp
September 30, 2015 7:07 AM EDTWestern Digital® Corporation (NASDAQ: WDC) and Unisplendour Corporation Limited (Unis) today jointly announced that they have entered into an agreement under which a subsidiary of Unis will make a $3.775 billion equity investment in Western Digital. Under the terms of the investment, Unis has agreed to purchase newly issued Western Digital common stock at a price of $92.50 per share.
Immediately following the closing of the investment, Unis will hold... More
